Stock market today: Indian equity benchmark indices, Nifty50 and BSE Sensex, opened in red on Wednesday. While Nifty50 went below 24,300, BSE Sensex was near 80,100. At 9:16 AM, Nifty50 was trading at 24,293.95, down 42 points or 0.17%. BSE Sensex was at 80,133.01, down 155 points or 0.19%.
Nifty ended with slight gains on Tuesday, supported by positive developments in US trade talks and robust institutional investments. Foreign and domestic institutional investors showed net buying positions in recent sessions. Market sentiment remains tied to US trade negotiations progress, while company earnings reports could influence individual stock performance.
VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “The surprising resilience of the market is significant. After the reciprocal tariff tantrums and the heightened tensions between India and Pakistan, Nifty is up 5% in April. This underscores the importance of not panicking during a crisis. It is important to remain invested. The crucial support to the market is coming from the sustained FII inflows which have touched a cumulative figure of Rs 37325 crores in the last 10 trading sessions.The weakness of the dollar and India’s economic resilience are supporting this FII’s India trade. This can continue. However, investors should exercise caution. Since markets have rewarded patience and many stocks have appreciated handsomely, investors can do partial profit booking and increase the cash component in their portfolio. This strategy should be as a measure of abundant caution. There are unknown unknowns in the market now.”
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US equities finished higher on Tuesday, fluctuating throughout the session as traders evaluated corporate results, economic indicators and trade policy updates.
Asian equities moved higher, following the S&P 500’s six-day advancement, as companies demonstrate resilience against economic slowdown and trade-related challenges.
Gold prices maintained stability on Wednesday as traders monitored potential trade developments between the US and its partners, whilst awaiting crucial US inflation data to understand the Federal Reserve’s future decisions.
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Oil prices decreased during early Asian trading on Wednesday, with President Donald Trump’s inconsistent tariff decisions raising worries about declining global economic expansion and oil consumption.
Foreign portfolio investors registered net purchases of Rs 2,386 crore on Tuesday. Domestic institutional investors acquired shares valued at Rs 1369 crore.
